MGIC Investment

MTG

Market cap $6.34B

MGIC (MTG) reported earnings 30 days ago. What's next for the stock?

MTG gains from strong new business, healthier housing activity, declining claims, and robust capital.

Investors with an interest in Insurance - Multi line stocks have likely encountered both MGIC Investment (MTG) and Zurich Insurance Group Ltd. (ZURVY). But which of these two stocks presents investors with the better value opportunity right now?

Investors interested in stocks from the Insurance - Multi line sector have probably already heard of MGIC Investment (MTG) and Zurich Insurance Group Ltd. (ZURVY). But which of these two stocks presents investors with the better value opportunity right now?

MGIC Investment is rated a Buy due to its undervalued stock price and low investor attention. MTG trades at a 33% discount to estimated liquidation value, with an 11% earnings yield—double the current junk bond average. Disciplined capital management, including substantial share buybacks, has driven EPS growth without risky acquisitions or aggressive lending.

MGIC Investment Corporation ( MTG ) Q3 2025 Earnings Call October 30, 2025 10:00 AM EDT Company Participants Dianna Higgins - Senior Vice President of Investor Relations Timothy Mattke - CEO & Director Nathaniel Colson - Executive VP, CFO & Chief Risk Officer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division William Nasta - UBS Investment Bank, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the MGIC Investment Corporation's Third Quarter 2025 Earnings Call. [Operator Instructions] I will now turn the conference over to Dianna Higgins, Head of Investor Relations.

MGIC Investment reported solid Q3 results, with EPS up despite revenue decline, supported by share repurchases and strong legacy policy performance. MTG's underwriting standards are tighter, credit quality remains high, and capital returns via buybacks and dividends are robust, even amid housing market challenges. Profitability is expected to moderate as the portfolio shifts to newer, potentially riskier policies, but MTG remains well-capitalized and low-loss for the near term.

While the top- and bottom-line numbers for MGIC (MTG) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MGIC Investment (MTG) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.77 per share a year ago.

Third Quarter 2025 Net Income of $191.1 million or $0.83 per Diluted Share Third Quarter 2025 Adjusted Net Operating Income (Non-GAAP) of $190.8 million or $0.83 per Diluted Share MILWAUKEE , Oct. 29, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2025. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "I am pleased to report another quarter of strong financial results, underscoring the durability of our business model and the effectiveness of our risk and capital management strategies.